Saturday, July 20, 2019

Property

Latest updates on property, launch of new projects, implementation of new technology along with growth and development of real estate business in GCC.

Saudi’s anti-corruption drive is hurting Dubai

In a surprise move on Saturday, at least 49 Saudi princes, businessmen and officials were rounded up and accused of corruption. Some of the biggest...

A primer on Dubai rental index calculations

With key locations in Dubai recording rental declines through the year, it will be up to the city’s Rental Index to mirror the changes...

How Dubai’s prime property prices compare to cities worldwide

Average cost of a prime apartment in Dubai is $8,400 per square metre.1. Monaco is the world's priciest place to buy a prime...

World’s future tallest building will eclipse Burj Khalifa

It looks like any other tower project rising from the sand across the Middle East. But the construction work at Jeddah Tower in Saudi Arabia...

UAE firm to build affordable homes in Bahrain

UAE-based Nshmi International has signed a 50:50 joint venture agreement with a local private investment company to develop Bahrain’s first integrated community that focuses...

Where are rents dropping fastest in Dubai?

The Q3 Dubai Real Estate Report from real estate consultancy Asteco showed that Dubai Marina posted the highest decline in rental rates at 19...

Dubai in line to absorb nearly 15,000 apartments this year

Dubai’s residential market could close the year with just under 15,000 apartments being handed over, compared to 8,750 last year. Much of the handovers...

Saudi royal seeks $85 million for Beverly Hills compound

A second-generation member of Saudi Arabia’s ruling family is seeking a buyer for his 6.7-acre compound in Beverly Hills, the Wall Street Journal reported....

Dubai home below Dh1 million?

All the action in the Dubai property sector is transpiring in the under-Dh1 million price market. Not only does this signify an effort by...

Revealed: Top nationalities looking to buy Dubai properties

Properties in Dubai continue to gain growing interest from buyers, both locally and abroad. In August alone, some Dh2.7 billion worth of homes were...
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